The National Bank of Egypt (NBE) and the Commercial International Bank (CIB) (COMI) have, for the past 16 months, maintained their consistency as strong players in the treasury bills and bonds market. Both banks were able to achieve the top status in both markets. During the first quarter (Q1) of fiscal year (FY) 2014/2015, NBE took the lead in the primary market treasuring bills while CIB placed second. Third place was taken by Banque Misr, while the fourth went to both Barclays Bank and Qatar National Bank Al-Ahly. Fifth position went to Crédit Agricole. NBE remained the leader in the secondary market for treasuring bills, with second place going to Crédit Agricole. The third, fourth and fifth place went to Barclays Egypt, Arab Bank and Arab African International Bank (AAIB), respectively. As for treasury bonds, Banque Misr took first position whiles the NBE and the CIB took the second place. The secondary market for the treasury bonds was topped by the Arab bank. The Commercial International Bank, the NBE and Bank of Alexandria followed in the second, third and fourth position. During Q4 of FY 2013/2014, CIB and the NBE came in first and second place for the primary market of the treasury bonds. The third place went to Banque Misr, while fourth was for the AAIB. Primary market for treasury bills during the same quarter was topped by NBE, followed by Banque Misr and CIB. The Q3 of FY 2013/2014 saw similar results in both the treasury bills and the treasury bonds, with the primary treasury bills market was dominated by the NBE and the CIB, followed by the AAIB and the Arab Bank. The primary treasury bonds market the CIB then the NBE while Banque Misr took the third position. The same key players maintained their positions during Q2 and Q1 of FY 2013/2014. NBE, AAIB, CIB, Banque Misr, and Credit Agricole were the top banks in dealing with treasury bills and bonds. Source: Daily News Egypt
